SUI Isn’t Done Yet: Weekly Accumulation Holds As Buyers Reload Below

SUI is demonstrating resilience on its weekly chart, holding a crucial accumulation zone despite a significant price correction. Buyers are actively re-entering at lower price points, indicating accumulation rather than distribution by smart money. Market structure suggests that larger players are preparing for a potential upward movement. Key technical factors include liquidity sweeps at the lows and an intact bullish order block between $1.50 and $1.30. A Fair Value Gap overlapping this demand zone further supports sustained buyer interest. Price has already reacted positively, experiencing a substantial bounce from this entry region. The rising channel structure remains unbroken, and the high-timeframe bias is shifting towards bullish. Upside targets for SUI are set at $5, $10, and $20, with the $1.20 level serving as a critical support for the bullish outlook. A weekly close below $1.20 would invalidate this bullish thesis, while defending this level keeps the accumulation narrative strong. SUI is currently trading within its established market structure, with price respecting its range, suggesting indecision for a new directional move. The rising base has been defended multiple times, but the upper trendline acts as resistance for a confirmed bullish expansion. A break above this resistance would signal stronger conviction and potential for sustained upside.